Purpose

Contract extension

Decision

That the Strategic Director of
Finance:
 
1. 
Formalises his prior approval to the variation of
the internal agreement carried out by its own direct labour
organisation in the north of the borough, Southwark Repairs
(previously known as Southwark Building Services) in accordance
with the tender documentation to extend the term for a period of
eight months from 1 January 2024 to 31 August 2024 at an estimated
additional cost of £1.864m, making a total revised estimated
value of £9.322m.
 
2. 
Formalises his prior approval to the variation of
Contract B (south of the borough) Communal Repairs Chargeable
Contract to BuildTrust Ltd to extend
the term of the contract for a period of eight months from 1
January 2024 to 31 August 2024 at an estimated additional cost of
£4.56m, making a total revised estimated value of
£17.730m.
 
3. 
Notes that 50% of the work that would otherwise be
given under the internal agreement with Southwark Repairs is to be
carried out by BuildTrust Ltd in
accordance with Contract B’s back up arrangement, for a
period of eight months from 1 January 2024 to 31 August 2024 at an
estimated additional cost of £752k, making a total revised
estimated value of £2.848m.